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Neodymium Magnet Market Outlook with Company Profiles – Neo, Ugimag, R.Audemars SA, NSSMC, TDK, Daido Steel, Shin-Etsu Chemical, Hitachi Metals, Ltd., Ta Tong Magnet and More
Neodymium Magnet is A neodymium magnet (also known as NdFeB, NIB or Neo magnet), the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available.
Neodymium Magnet product demand market there is also a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products overcapacity or molding process basic Materials.
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Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Along with the development of Chinese domestic Industrial Naphthalene, Chinese domestic Neodymium Magnet has been very mature and advanced, and the performance distance has been shorten compared with the imported Industrial Naphthalene.
Over the next five years, the research study projects that Neodymium Magnet will register a 5.1% CAGR in terms of revenue, reach US$ 3120 million by 2023, from US$ 2310 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Neodymium Magnet market by product type, application, key manufacturers and key regions. To calculate the market size, the research considers value and volume generated from the sales of the following segments: Segmentation by product type are Bonding and Sintering. Segmentation by application are Electro-acoustic Field, Electronic Appliances Field, Mechanical Equipment Field and Others.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report such as Neo, Ugimag, R.Audemars SA, NSSMC, TDK, Daido Steel, Shin-Etsu Chemical, Hitachi Metals, Ltd., Ta Tong Magnet, Galaxy Magnets, ZhongKeSanHuan, Ningbo Co-star, DEMGC, Beijing Jingci Magnet, Earth-Panda, Tianhe Magnets, Guangzhou Golden South, Jiangxi Yingguang Magnet and Ningbo Yunsheng.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Related Report:
Global Permanent Magnet Synchronous Motor (PMSM) Market by Manufacturers, Regions, Type and Application, Forecast to 2023
Permanent Magnet Synchronous Motor is widely used in Industry & Automation, Automotive, Elevator and Other industry. The most proportion of Permanent Magnet Synchronous Motor is Industry & Automation, with 71.45% market share in 2015. Automotive is the most potential one with growth rate above 10%.
The worldwide market for Permanent Magnet Synchronous Motor (PMSM) is expected to grow at a CAGR of roughly 9.1% over the next five years, will reach 21700 million US$ in 2023, from 12900 million US$ in 2017, according to a new GIR (Global Info Research) study.
Read More: https://www.researchbeam.com/global-permanent-magnet-synchronous-motor-pmsm-by-manufacturers-regions-type-and-application-forecast-to-2023-market?utm_source=OPR&utm_medium=CC
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